Rathbones Group PLC Buys 298,993 Shares of Broadcom Inc. $AVGO

Key Points

• Rathbones Group PLC boosted its stake in Broadcom (AVGO) by 44.8% in Q4, buying 298,993 shares to hold 966,391 shares worth $334.47M, making Broadcom its 19th-largest position (~1.0% of the portfolio).
• Broadcom locked multi‑year AI chip deals with Google and Anthropic, fueling analyst upgrades, higher price targets and a share rally (stock up about 4.7%), underpinning expectations for durable AI revenue growth.
• At the same time insiders have sold material stock—315,282 shares worth roughly $103.1M over the past 90 days—while institutional ownership is high at about 76%, presenting mixed ownership signals.

Rathbones Group PLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,391 shares of the semiconductor manufacturer's stock after purchasing an additional 298,993 shares during the quarter. Broadcom comprises approximately 1.0% of Rathbones Group PLC's investment portfolio, making the stock its 19th biggest position. Rathbones Group PLC's holdings in Broadcom were worth $334,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new position in Broadcom during the second quarter worth $28,000. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the third quarter valued at about $31,000. Miller Global Investments LLC bought a new stake in shares of Broadcom in the fourth quarter valued at about $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Broadcom in the third quarter valued at about $34,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Broadcom in the second quarter valued at about $36,000. 76.43% of the stock is owned by institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Insider Transactions at Broadcom

In other news, insider S. Ram Velaga sold 38,841 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares of the company's stock, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares of the company's stock, valued at $89,450,145.60. This represents a 15.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 315,282 shares of company stock worth $103,102,779. 1.90% of the stock is owned by corporate insiders.

Broadcom Stock Up 4.7%

Shares of NASDAQ AVGO opened at $371.46 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.76 trillion, a price-to-earnings ratio of 72.55, a PEG ratio of 0.77 and a beta of 1.24. Broadcom Inc. has a 12 month low of $161.61 and a 12 month high of $414.61. The stock has a 50-day moving average price of $326.18 and a two-hundred day moving average price of $343.12.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 earnings per share. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is presently 50.78%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AVGO shares. Citigroup boosted their target price on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Mizuho set a $480.00 target price on shares of Broadcom and gave the company an "outperform" rating in a research report on Friday, January 9th. Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $500.00 price objective on shares of Broadcom in a research report on Tuesday, April 7th. Finally, UBS Group set a $475.00 price objective on shares of Broadcom and gave the stock a "buy" rating in a research report on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $435.30.

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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